PLANET Earth has a population of 7.6billion people and only a select few are billionaires.
With the wealth disparity constantly diverging, becoming a billionaire and keeping that status grows more difficult as time passes.
How many billionaires are there in the world?
As of April of this year, there are roughly 2,095 billionaires in the whole world, according to Forbes magazine.
Due to the coronavirus economic crisis, there are 58 fewer billionaires than a year ago and 226 fewer than at the beginning of March.
In other words, 51 percent of the billionaires on the list are “poorer” than they were last year.
However, some have had the opportunity to increase their wealth during the economic crisis due to investments, tax breaks, and business ventures.
Jeff Bezos and Mark Zuckerberg got $60billion dollars richer combined during the crisis.
What country has the most billionaires?
The country with the most billionaires is the United States.
The USA has 614 billionaires living in the country, followed by China with 388.
During the peak of the coronavirus crisis, China’s wealthiest citizens earned $1.5trillion during the pandemic despite the global slump caused by the crisis.
During the last year, 257 more people have become billionaires in the country, according to an annual rich list published in October.
It is believed their wealth increased particularly because e-commerce and gaming boomed while most of the world was in lockdown.
In contrast, France and Canada have the lowest number of billionaires living in their country with only 39 and 44 people respectively.
What percent of the world is a billionaire?
Only 0.08 percent, or 42million people in the world, are considered to hold a billionaire status.
That group — known as the global 1 percent — controls 44.8 percent of the world’s wealth.
A billionaire’s net worth tends to be tied to individual companies’ stocks which can be incredibly volatile depending on day-to-day operations or world events.
